This is Current Federal Tax Developments for the week of December 19, 2016 - Pre-Holiday Tax Topics. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, a Division of the Loscalzo Institute.

This week we’ll look at the following:

Supreme Court declines to review Colorado use tax decision from Tenth Circuit
Couple found to have willfully failed to file FBAR reports
Interest on purchase of land ends up being capitalized into almond trees
The 2017 mileage rates are out
Grading and soil compaction work on residence lots found to qualify as homebuilding and for completed contract accounting
Failure to conduct activities causes a loss of exempt status
Remember that due dates to get W-2s and 1099-MISC with nonemploye compensation have moved to January 31 this year

An audio only version can be streamed or downloaded below:

A PDF article for this week's podcast can be downloaded below:

2016-12-19 Current Federal Tax Developments